Investors pull from bonds for 12th week in 13: ICI

NEW YORK (MarketWatch) -- Investors pulled a net $9.16 billion from bond mutual funds last week, the 12th week of outflows in 13 weeks, according to Investment Company Institute data released Wednesday. The bond flight overshadowed positive flows into equity funds and hybrid funds that buy from both asset classes, resulting in mutual fund outflows that were a net negative $7.7 billion in the week ended August 28. Investors pulled $6.26 billion from taxable bond funds and $2.91 billion from municipal funds, while putting $300 million into equity funds and $1.15 billion into hybrid funds. The exodus from the bond market in recent months has taken its toll on even the most notable bond investors. Bill Gross's Pimco Total Return Fund
PTTRX, +0.19%
has seen four months of outflows while Jeffrey Gundlach's DoubleLine Total Return Bond Fund
DBLTX, -0.09%
saw three months of withdrawals.

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information. Intraday data
delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc.
All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More
information on NASDAQ traded symbols and their current financial status. Intraday
data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. S&P/Dow Jones Indices (SM)
from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Financial Information and is
at least 60-minutes delayed. All quotes are in local exchange time.